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the tape is obviously telling us there clearly has to be a deal on the fiscal cliff. i am not sure there are lots of folks i talk to who are believers. a lot of people continue to sit on the sidelines and watching the market work higher and are getting a little bit uncomfortable which were not so far on the sidelines. that is what makes the market. liz: i don't know if he does yos talk a lot about operation twist or seen the expiration of that, that is coming to the end. today you have some energy complex moving higher. natural gas not so much, but how closely tied our prices of natural gas and gasoline into what happened as far as a fiscal cliff is concerned in how people feel about the discretionary income they have an in the monen their wallets? >> the fiscal cliff stuff, i am on the sidelines. we are in a range. if you look at the volatility, we are at the lowest points of the year right here. has not been this year since last year. but 21%. that tells the a lot of people are on the sidelines. look at the range we have been in. everybody got excited. nobody got ex
the tape is obviously telling us there clearly has to be a deal on the fiscal cliff. i am not sure there are lots of folks i talk to who are believers. a lot of people continue to sit on the sidelines and watching the market work higher and are getting a little bit uncomfortable which were not so far on the sidelines. that is what makes the market. liz: i don't know if he does yos talk a lot about operation twist or seen the expiration of that, that is coming to the end. today you have some...
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Dec 5, 2012
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>> reporter: saying a fiscal cliff deal must include new revenues. the president pushed his plan to raise taxes on household earning over $250,000 a year. >> and i am here to tell you that nobody wants to get this done more than me. >> reporter: john boehner has a hard sell of his own with conservatives upset over his offer of $800 billion in new taxes. >> the plans the white house has talked about us this far, they could not pass either house. >> reporter: a "washington post" poll finds 53% would blame republicans if the country went over the fiscal cliff while only 27% would blame the president. >> we need new thinking and renewed efforts from all americans. >> reporter: republicans and democrats are voicing support for extending middle class tax cuts until a larger deal is found. >> which i hope they will. that that will be a victory for the american people. >> reporter: republicans, like virginia's eric cantor, said the gop has offered plans that will avoid tax hikes. >> and the proposal that we sent to the president deserves a response. >> repor
>> reporter: saying a fiscal cliff deal must include new revenues. the president pushed his plan to raise taxes on household earning over $250,000 a year. >> and i am here to tell you that nobody wants to get this done more than me. >> reporter: john boehner has a hard sell of his own with conservatives upset over his offer of $800 billion in new taxes. >> the plans the white house has talked about us this far, they could not pass either house. >> reporter: a...
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a coalition of the nation's top c.e.o.s is feeling pessimistic about getting a fiscal cliff deal.
a coalition of the nation's top c.e.o.s is feeling pessimistic about getting a fiscal cliff deal.
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Dec 10, 2012
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in addition to more equity as you buy in advance of a fiscal cliff deal. >> michael, thanks. see you a little later. >> be sure to tune in tomorrow for cnbc's special fiscal cliff coverage live from washington, mission critical, rise above d.c. jim cramer, brian sullivan, mar maria and they will talk about how they will stand and how they will do their part it rise above partisan politics and reach a deal. >> one of the big debates involves housing. including what could happen to the mortgage interest deduction in their state if we do good over the cliff? our real estate correspondent, diana, here with exclusive data. diane? >> that right, tyler. talk to anyone in the real estate business and they say getting rid of or shrinking the mortgage rate reduction, specifically by raising home prizes, we wanted to look at who get the most and where. we are doing that with an exclusive calculation run by cnbc by lending tree. who gets the most category? taking into account mortgage size and income. borrows in hawaii and washington, d.c. get the greatest benefit. from 3 to 5%. californ
in addition to more equity as you buy in advance of a fiscal cliff deal. >> michael, thanks. see you a little later. >> be sure to tune in tomorrow for cnbc's special fiscal cliff coverage live from washington, mission critical, rise above d.c. jim cramer, brian sullivan, mar maria and they will talk about how they will stand and how they will do their part it rise above partisan politics and reach a deal. >> one of the big debates involves housing. including what could happen...
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Dec 12, 2012
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white house wants at the very least a long-term extension of the debt ceiling in any fiscal cliff deal. the republicans now see the debt ceiling as their own leverage. they're demanding a steep price to include it. who anyways if obama will ultimately go along with something like this. but it is a talk that there is still one crucial way he's at the mercy of republicans. it leaves him with a tough choice. to pay their price in entitlements or play debt ceiling chicken with them again. okay. does it for "the cycle" today.
white house wants at the very least a long-term extension of the debt ceiling in any fiscal cliff deal. the republicans now see the debt ceiling as their own leverage. they're demanding a steep price to include it. who anyways if obama will ultimately go along with something like this. but it is a talk that there is still one crucial way he's at the mercy of republicans. it leaves him with a tough choice. to pay their price in entitlements or play debt ceiling chicken with them again. okay....
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i think that this mania for a fiscal cliff deal is disturbing but i think the president could say -- promise virtually anything at this point. i don't think he gets a deal because john boehner has crazy member who is will never let him to agree to the tax rates the president will hold the line on and he's kind of safe in that way because i don't think that there will be a deal. >> amen, joan. thank you very much. honored to have you on the show. >> honored to be here. >>> straight ahead, for all the talk on china, policy expert said their gain could be ours, too. the guest spot is next. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. >>> the chinese dragon is
i think that this mania for a fiscal cliff deal is disturbing but i think the president could say -- promise virtually anything at this point. i don't think he gets a deal because john boehner has crazy member who is will never let him to agree to the tax rates the president will hold the line on and he's kind of safe in that way because i don't think that there will be a deal. >> amen, joan. thank you very much. honored to have you on the show. >> honored to be here. >>>...
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will a fiscal cliff deal be done in time? why don't you register your opinion. finance.cnbc. cast your vote. results will come up later on "power lunch." sue. >> we have a triple digit rally on the floor of the new york stock exchange with the dow jones industrial just off the highs of the trading session. we're up 109 points on the dow despite the gridlock in washington. nasdaq is up 41 points and s&p 500 is up 13 points. all three of those averages moving back above their 50-day moving average. first time we've seen that since october. trader from cnbc, and ceo of destination wealth management. ken y, i'm going to start with you. you were champing at the bit listening to the interview that was done in washington. why is this market up triple digits? is it up because they think there is a deal or isn't a deal? >> very interesting. i'm beginning to think the market is rallying because there is no deal, we're going over this cliff. let's not forget, it was a bipartisan committee that couldn't come to an agreement which created the situation we're in. that senator said one side
will a fiscal cliff deal be done in time? why don't you register your opinion. finance.cnbc. cast your vote. results will come up later on "power lunch." sue. >> we have a triple digit rally on the floor of the new york stock exchange with the dow jones industrial just off the highs of the trading session. we're up 109 points on the dow despite the gridlock in washington. nasdaq is up 41 points and s&p 500 is up 13 points. all three of those averages moving back above their...
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Dec 6, 2012
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investors appeared optimistic president obama fiscal cliff deal be reached in about a week. today thee mortgages, obama administration will seniors be really careful before signing those. a new starbucks store is likely to a neighborhood near you. the coffee giant plans to open cafes across the country over the next five averaging two new stores a day. >> 6:26 right now. go in as a 2.5 point favorite. >> the goal is to secure a playoff spot. the baltimore ravens have a big challenge of defending against robert griffin iii third. >> he is still a danger of the of his rookie season, but the proready in of fame so to speak. he said the nfl season -- single record by a quarterback. in case you forgot already, thursday, they beat the giants 17-16. >> hockey returns to the verizon least for one night. the game starts at 7:00 and is sold out. welcome boost for businesses in the area. >> positive signs in the nfl -- nhl after a nine hour meeting between players and owners. >> a lot of issues. there continue to be some issues between the two parties. the players association meet to t
investors appeared optimistic president obama fiscal cliff deal be reached in about a week. today thee mortgages, obama administration will seniors be really careful before signing those. a new starbucks store is likely to a neighborhood near you. the coffee giant plans to open cafes across the country over the next five averaging two new stores a day. >> 6:26 right now. go in as a 2.5 point favorite. >> the goal is to secure a playoff spot. the baltimore ravens have a big challenge...
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Dec 7, 2012
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deal. >>> lawmakers trying to solve the fiscal cliff issue. police trying to solve a burglary at the home of california congressman darrel issa. according to reports, more than 50 pieces of jewelry worth about $100,000 were stolen from the congressman's home on november 29th. watches, earrings, rings, bracelets involved and what issa spokesperson calls irreplaceable family air looms. >>> to the jobs report today. super storm sandy slammed the east coast but it looks like it didn't have all that much impact on the labor market. november jobs numbers coming in much stronger than expected. steve leisman who's had a very busy week here to talk about the numbers and put it in context for us. >> hi, sue. no substantive sandy in the jobs numbers. the lack of sandy effect has us scratching our heads, what they said. i just got off the phone with the guy who's the head of doing the numbers, labor numbers at the bls. he walked me through the rather extensibilive process they did fine out if there was any sandy effect, including sampling of businesses in
deal. >>> lawmakers trying to solve the fiscal cliff issue. police trying to solve a burglary at the home of california congressman darrel issa. according to reports, more than 50 pieces of jewelry worth about $100,000 were stolen from the congressman's home on november 29th. watches, earrings, rings, bracelets involved and what issa spokesperson calls irreplaceable family air looms. >>> to the jobs report today. super storm sandy slammed the east coast but it looks like it...
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Dec 11, 2012
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optimism there will be a deal on the fiscal cliff. you have optimism that the recapitalization of the banks is going to be delayed by another year according to the bank of italy. and you have optimism as well on mar of election promises as we now face the pros wekt of a much earlier election in italy. to that end it is fascinating. sylvia berlusconi has come out today warning about the germano center of politics. in other words, too much of a focus on what is happening from germany and the austerity inspired by angela merkel. in particular, he is drawing attention to this. which is the spread of the extra that investors demand to hold italian bonds over german bonds. i've shown this to you a couple times. over the last year it's been a mainstay of a lot of the italian business broadcasts internally. they say our bonds are currently trading so many basis points above the germans on their hourly bulletins. that was one of the reasons why at the height of it berlusconi was kicked out of power. he's saying now this is a total calm. italia
optimism there will be a deal on the fiscal cliff. you have optimism that the recapitalization of the banks is going to be delayed by another year according to the bank of italy. and you have optimism as well on mar of election promises as we now face the pros wekt of a much earlier election in italy. to that end it is fascinating. sylvia berlusconi has come out today warning about the germano center of politics. in other words, too much of a focus on what is happening from germany and the...
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coming up on closing bell, stocks rallying about a fiscal cliff deal. we'll be speaking to some of the key players in washington. congressman chris van hollen and javier becerra. orrin hatch will tell us what it will take to reach a compromise. alan greenspan explains why a fiscal clif-related recession would be a small price to pay for much needed fiscal policy reform. all that and more. what's been happening on wall street today as we get to a final hour of trading at the top of the house on closing bell. maria in washington, i'm in new york. we'll see you then. >> we will indeed. sounds like an exciting show. thanks, bill. >> mandy, have to break in here, some breaking news on fiscal cliff. heard what bill said. some headlines out of harry reid which may not be good news for the market. harry reid saying the democratic party will not put an offer of spending cuts on the table for the gop. reid also adding he does not think we will have a deal on the fiscal cliff before at least christmas if not longer. so think about that. harry reid saying no, no, n
coming up on closing bell, stocks rallying about a fiscal cliff deal. we'll be speaking to some of the key players in washington. congressman chris van hollen and javier becerra. orrin hatch will tell us what it will take to reach a compromise. alan greenspan explains why a fiscal clif-related recession would be a small price to pay for much needed fiscal policy reform. all that and more. what's been happening on wall street today as we get to a final hour of trading at the top of the house on...
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Dec 13, 2012
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. >> well, if we good over the fiscal cliff, it can't be good. and of course that ratchets up uncertainty. i think one of the things you can talk about the fed, talk about interest rates, but someone once said or someone said recently, it is a psychology, stupid. when we call on our customers, we see that most important thing is their psychology and getting a deal dpun would help that. >> how would that materially effect your company? would it change your hiring plans? >> i think it can. i think the thing do, if we go off the fiscal cliff, i don't know what depth of that effect would be, but couldn't be good. but we have seen that movie before. we went through recession probably the most whithering so i think ceos, at least our view of it is, is you have to have a good understanding of what are the long-term benefits for you. for us helping our van business, making sure that's good. investing in emerging markets and making sure that we roll the snap-on brand out of the garage to other industries. anything outside of that group, we would be more d
. >> well, if we good over the fiscal cliff, it can't be good. and of course that ratchets up uncertainty. i think one of the things you can talk about the fed, talk about interest rates, but someone once said or someone said recently, it is a psychology, stupid. when we call on our customers, we see that most important thing is their psychology and getting a deal dpun would help that. >> how would that materially effect your company? would it change your hiring plans? >> i...
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Dec 6, 2012
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what do americans, average americans, want to see in a fiscal cliff deal? steve leisman here now with our exclusive results of the cnbc all-america economic survey. what do americans want, steve? >> what you would expect. free stuff, tyler. actually, no, we'll get into that in a second. first we want to show you results of our december cnbc all-america survey. what we asked about the fiscal cliff. the first thing we wanted to establish is do people know about this thing? we looked at some of the other times we've asked this. what we'll see right here is other situations where they knew it, where other main stories that were out there. for example, the trayvon martin shooting. 91% of americans knew about that. occupy wall street, 80%. going forward what you have here, facebook, 72%. all the way down to 70%. you can look at this a couple ways. here's the greek financial crisis. 30% of the public not really paying attention to. inside that 70% number, 36% have know a lot about it. we'll compare with other stuff we asked last time about when they had a debt --
what do americans, average americans, want to see in a fiscal cliff deal? steve leisman here now with our exclusive results of the cnbc all-america economic survey. what do americans want, steve? >> what you would expect. free stuff, tyler. actually, no, we'll get into that in a second. first we want to show you results of our december cnbc all-america survey. what we asked about the fiscal cliff. the first thing we wanted to establish is do people know about this thing? we looked at some...
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. >>> coming up, when taxes are raised as part of the fiscal cliff deal, it means president obama and president lincoln will have one more thing coming. that's in the rewrite. >>> how hard will it be to beat hillary clinton in 2016? evenly one politician has a higher approval rating. we will tell you who coming up. clue. it is not the president. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. stayi
. >>> coming up, when taxes are raised as part of the fiscal cliff deal, it means president obama and president lincoln will have one more thing coming. that's in the rewrite. >>> how hard will it be to beat hillary clinton in 2016? evenly one politician has a higher approval rating. we will tell you who coming up. clue. it is not the president. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise...
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Dec 13, 2012
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. >>> coming up, when taxes are raised as part of the fiscal cliff deal, it means president obama and president lincoln will have one more thing coming. that's in the rewrite. >>> how hard will it be to beat hillary clinton in 2016? evenly one politician has a higher approval rating. we will tell you who coming up. clue. it is not the president. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't rep
. >>> coming up, when taxes are raised as part of the fiscal cliff deal, it means president obama and president lincoln will have one more thing coming. that's in the rewrite. >>> how hard will it be to beat hillary clinton in 2016? evenly one politician has a higher approval rating. we will tell you who coming up. clue. it is not the president. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been...
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cliff deal. he joins us exclusively later on "the closing bell." stay tuned. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... i'm with scottrade. >>> one of the most bizarre man hunts in recent memory is coming to an end in central america, we think. wealth editor robert frank has the latest details on the arrest of john mcafee. >> ye
cliff deal. he joins us exclusively later on "the closing bell." stay tuned. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. you won't just find us online, you'll also find us in person, with dedicated...
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. >>> no fiscal cliff deal without raising taxes on the rich. that's what treasury secretary timothy geithner told steve lease son. steve joins us from the white house with more on this. >> melissa, thanks very much. interesting comments from the treasury secretary who laid out the negotiating position of the administration in ways that it hadn't before, at least not explicitly as they had. what i want to play here is the sound from the interview and i'm going to put my question in there too just so you understand exactly what the treasury secretary was responding to when it comes to the position of the administration on walking away or letting the country go over the fiscal cliff without tax hikes for the wealthy. here it is. >> i want to understand the administration's position when it comes to raising taxes on the wealthy and those making more than $250,000. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates go
. >>> no fiscal cliff deal without raising taxes on the rich. that's what treasury secretary timothy geithner told steve lease son. steve joins us from the white house with more on this. >> melissa, thanks very much. interesting comments from the treasury secretary who laid out the negotiating position of the administration in ways that it hadn't before, at least not explicitly as they had. what i want to play here is the sound from the interview and i'm going to put my question...
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. >>> and is this what the fiscal cliff deal has come to? why 81-year-old former senator alan simpson is going gangnam style to get everyone's attention on debt. >> it has officially jumped the shark. >>> alan st. pierre is the executive director for the national,or for the reform of marijuana laws. oregon senator jeff merkley, heidi ewing, and rachel grady will be joining us. steve satich, ohio congressman, steve latourette, and ambassador nick burns are our guests this morning. it's thursday, december 6th, and "starting point" begins right now. >>> welcome, everybody. our starting point this morning, some major developments to tell you about in egypt, after angry protests against political moves by the president, mohamed morsi, have turned deadly. tanks, armored personnel vehicles, all stationed outside the presidential analysis cairo. not only are they guarding the palace, they're also keeping apart supporters and opponents of morsi. hundreds of his islamist supporters already taking to the streets in cairo this morning. opponents are gat
. >>> and is this what the fiscal cliff deal has come to? why 81-year-old former senator alan simpson is going gangnam style to get everyone's attention on debt. >> it has officially jumped the shark. >>> alan st. pierre is the executive director for the national,or for the reform of marijuana laws. oregon senator jeff merkley, heidi ewing, and rachel grady will be joining us. steve satich, ohio congressman, steve latourette, and ambassador nick burns are our guests this...
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now congress will come back to work next week hopefully to get a fiscal cliff deal. >> maybe the movie "lincoln" will inspire senators to work together. a special screening is scheduled for december 19th. senate aides said they will not screen the movie on the senate floor but somewhere else. >> michelle obama has said over and over again she never wants to run for office but a new poll shows her leading senator mark kirk in a very hypothetical matchup. the illinois republican had a stroke last year. >> tonight the entire obama family will gather around the christmas tree. it just happens to be the national christmas tree. it will take place at 5:00 eastern time. >> if you read only one thing this morning, maybe you're already thinking about your new year's resolution to get in better shape. how could you resist this headline? my must read is courtesy of prevention magazine. it's on facebook/jansingco. yep, they're real. we've got more rollbacks on toys all december. wait, was that real? [ male announcer ] this christmas, get the hottest brands and rollbacks on the season's hottest toy
now congress will come back to work next week hopefully to get a fiscal cliff deal. >> maybe the movie "lincoln" will inspire senators to work together. a special screening is scheduled for december 19th. senate aides said they will not screen the movie on the senate floor but somewhere else. >> michelle obama has said over and over again she never wants to run for office but a new poll shows her leading senator mark kirk in a very hypothetical matchup. the illinois...
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there was no fiscal cliff deal six months from now and still no deal. so i'm not sure why we think there's more uncertainty. i would say if you really think about it the president has a lot of ways to delay the impact. for example, our withholding table don't have to get change order january 1. even if you haven't struck a deal, you don't adjust the withholding tables. for now you can delay the pain. so there is wiggle room in terms of when the impact has to be felt. >> but is there where wiggle rom the investing world who looks at the united states and says these guys are a bunch of keystone cops. this cost us with the last round of negotiations back in the summer of 2011 when the debt rating agencies said if you can't find some civil way to talk to each other, we're going to cut your rating. >> it was nice seeing the ratings agencies make a comments on u.s. democracy. that was helpful. i think, though, is there some deal that can be struck, yes. when does it get done, i think it's probably less important to be better before year end. equity markets ar
there was no fiscal cliff deal six months from now and still no deal. so i'm not sure why we think there's more uncertainty. i would say if you really think about it the president has a lot of ways to delay the impact. for example, our withholding table don't have to get change order january 1. even if you haven't struck a deal, you don't adjust the withholding tables. for now you can delay the pain. so there is wiggle room in terms of when the impact has to be felt. >> but is there where...
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Dec 11, 2012
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if silence is golden maybe we'll have a deal on the fiscal cliff crisis sometime soon. there's 21 days left before the tax hikes and spending cuts kick in to send us over the cliff or down that gentle slope as some like to call it. congress is supposed to break for the holidays, nan? >> the last officially scheduled day for the house of representatives is december 13th. >> so friday. but we're on call. >> i don't think you'll be home permanently december 13th. >> we're ready for that. >> here's where things stand the president was touting his tax plan to truck plant workers in michigan. john boehner were quietly conducting behind the scenes talks on capitol hill. could be a sign of progress, but the blame game and finger pointing has stopped suddenly. we want to talk about this more with mayor rahm emmanuel and the president of the united states hispanic chamber of commerce, nice to have you both with us. >> good morning. >> good morning. >> mr. mayor you've been in the room with the president negotiating "the washington post" writes this today. "obama could be a ruthle
if silence is golden maybe we'll have a deal on the fiscal cliff crisis sometime soon. there's 21 days left before the tax hikes and spending cuts kick in to send us over the cliff or down that gentle slope as some like to call it. congress is supposed to break for the holidays, nan? >> the last officially scheduled day for the house of representatives is december 13th. >> so friday. but we're on call. >> i don't think you'll be home permanently december 13th. >> we're...
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it's coming under pressure as part of a broader fiscal cliff deal. there's an article on the front page of today's "wall street journal" that highlights other ways people are trying to take advantage of the certainty over the final few weeks of 2012. some of the examples they cite are people said to be accelerating large medical expenses for this year and selling appreciated stock in some cases even prepaying their mortgages so they can make sure they get the mortgage interest deduction. and, bob, you think -- for a lot of people that won't matter? >> you have the amt. so if you take excessive deductions, they just disappear. which is one of the things about all of this about limiting these deductions which is kind of silly because the amt does it in the aggregate. and of course the amt is grabbing more and more people and it's one of the things they want to reform, but if they reform it, they have to raise taxes someplace else. so it's confusing. >> but that's the worst part of it, a simpler tax code that someone could actually understand and now ho
it's coming under pressure as part of a broader fiscal cliff deal. there's an article on the front page of today's "wall street journal" that highlights other ways people are trying to take advantage of the certainty over the final few weeks of 2012. some of the examples they cite are people said to be accelerating large medical expenses for this year and selling appreciated stock in some cases even prepaying their mortgages so they can make sure they get the mortgage interest...
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are still far away from reaching the deal on the fiscal cliff, you'll be shocked to see what they did agree on. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> research in motion shares keep rallying. that stock more than doubling since hitting a nine-year low back in september when many thought the company might not survive. bertha coombs at the nasdaq market site with more on this. bertha? >> it's a real comeback kid, the comeback with the government that customs and immigration department is saying that they are going to try out the blackberry 10 after saying they would be the. all things reporting this afternoon, and part of the re
are still far away from reaching the deal on the fiscal cliff, you'll be shocked to see what they did agree on. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh......
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Dec 5, 2012
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what kind of expectations are out there on this fiscal cliff story? we seem to feel that there's a deal in the air. why else do we see such optimism today? rick? >> oh, for me? i'm sorry. i'll tell you what, maria, i'm not sure what's going on in washington. i'm not sure who those republicans are. i'm not so sure on whether the fiscal conservatives in the party know something about some big reforms on medicare and medica medicare, social security is, any of the retirement or tax issues, but i'll tell you this. i think that all these stories aren't necessarily going lead us to the truth. i personally have a very size way i'm approaching this. the president is supposed to leave for a 21-day vacation in hawaii on december 17th. where he is on december 18th will tell me, and i think the markets will pay attention. i find it hard to believe, and i agree with bill and many, who are very not amused by the house taking their long weekend. i'm sure that the president would have no intentions of leaving until these issues are resolved. i think the market is bei
what kind of expectations are out there on this fiscal cliff story? we seem to feel that there's a deal in the air. why else do we see such optimism today? rick? >> oh, for me? i'm sorry. i'll tell you what, maria, i'm not sure what's going on in washington. i'm not sure who those republicans are. i'm not so sure on whether the fiscal conservatives in the party know something about some big reforms on medicare and medica medicare, social security is, any of the retirement or tax issues,...
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our next guest says even if a compromise is reached on a fiscal cliff deal, that's a big if, serious problems with the economy will remain and it's time to ask the tough questions about the middle class. joining us now, lindsey piegza, economist with ftn financial. lindsey, as always thanks for being here. you say businesses and consumers will face hash realities next year regardless of what washington does on the fiscal cliff. what are those realities? >> right now everyone is very much focused getting a compromise done but even if we get the president's plan, even if we get the republican's plan very likely that shaves growth down to under 1% for the first half of the year. that is dismal outlook regardless whether or not we come to a compromise. that is much more positive outlook than falling off the cliff outright but still doesn't set us up for long-term growth. plus neither one of these proposes asks the tough questions of the middle class saying long term do we want to take on a bigger tax burden or do we want to cut the social programs? the conversation to me seems very disin
our next guest says even if a compromise is reached on a fiscal cliff deal, that's a big if, serious problems with the economy will remain and it's time to ask the tough questions about the middle class. joining us now, lindsey piegza, economist with ftn financial. lindsey, as always thanks for being here. you say businesses and consumers will face hash realities next year regardless of what washington does on the fiscal cliff. what are those realities? >> right now everyone is very much...
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Dec 6, 2012
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president obama saying now a deal to avoid the so-called fiscal cliff could be about a week away. there is just one catch. he says republicans have to accept the, quote: reality as he puts it that tax rates are going up for the richest americans. something g.o.p. leaders are calling a deal breaker. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. we can probably solve this. it's not that tough. but we need that conceptual break through that says we need to do a balanced plan. >> we made a good faith offer to avert the fiscal crisis and that offer included significant spending cuts reforms and it included additional revenue. and frankly, it was a balanced approach mr. president has been asking for. now we need a response from the white house. >> they have 27 days to prevent automatic tax hikes and spending cuts from kicking in on new year's day. ed henry live at the white house for us. ed, we are hearing the president and house speaker john boehner actually talked by phone no
president obama saying now a deal to avoid the so-called fiscal cliff could be about a week away. there is just one catch. he says republicans have to accept the, quote: reality as he puts it that tax rates are going up for the richest americans. something g.o.p. leaders are calling a deal breaker. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. we can probably solve this. it's not...
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to sdus fiscal cliff deals. a deal was not sealed. we're 20 days from the fiscal cliff. time becoming critical. congress going on christmas break two days from now, shannon travis following the snipping and deal making in washington. shannon, what's in the proposals? do you know? >> zoraida, this will be confusing for viewers. let's try to break this down as simple as possible. president obama and house speaker john boehner spoke yesterday evening after an offer from the white house and a counteroffer from republicans. the white house offer, the white house wanted 1.6 trillion in new revenue in terms of increased tax occasion -- reducing -- excuse me. increasing the rates on the wealthiest americans. now they are down to 1.4 trillion on monday. on tuesday, the republicans responded. we don't have a whole lot of details on that but bainary's office saying, you know what, white house? show us cuts to entitlement spending before we talk about entitlement reform. amid that back drop, since nothing is firm just yet. republicans and democrats are obviously still as you mention
to sdus fiscal cliff deals. a deal was not sealed. we're 20 days from the fiscal cliff. time becoming critical. congress going on christmas break two days from now, shannon travis following the snipping and deal making in washington. shannon, what's in the proposals? do you know? >> zoraida, this will be confusing for viewers. let's try to break this down as simple as possible. president obama and house speaker john boehner spoke yesterday evening after an offer from the white house and a...
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Dec 8, 2012
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fiscal cliff. many americans have already paid the ultmalmat sacrifice with the loss of their jobs and the loss of their homes. that's why there's so much of a focus i think on looking at those americans who have done the best in the recovery and asking them to do a little more. >> austerity, is the fiscal cliff sort of like austerity? >> absolutely. >> and europe haven't done so severely. >> that's the point. maybe we can put this off, but you can't put off reality. you're going to pay the piper. the question is the creation of washington of the fiscal cliff or a creation of your investors and bondholders across the world that look at you in the same light as europe some day. we all know that day isn't here. this is a lesson for the republican party, and i think it's a lesson we should all take. instead of when we look at all these programs, mark, where are we going to make cuts and how terrible is this going to be, we need to judge our concern and empat empathy, not by the money, something marco
fiscal cliff. many americans have already paid the ultmalmat sacrifice with the loss of their jobs and the loss of their homes. that's why there's so much of a focus i think on looking at those americans who have done the best in the recovery and asking them to do a little more. >> austerity, is the fiscal cliff sort of like austerity? >> absolutely. >> and europe haven't done so severely. >> that's the point. maybe we can put this off, but you can't put off reality....
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paralyzed by the fiscal cliff. when will deals start to flow? that is coming up next in a fox business exclusive. ♪ says that clear answer is gold hi, i'm phil mickelson. i've been fortunate to win on golf's biggest stages. but whenoint pain and stiffness from psoriat arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffns, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower your ability to fight infections. sious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections e common. don't start enbrel if you ve an infection like the flu. tell your doctor if you're prone to infections, haveuts or sores, have had hepatitis b, have been
paralyzed by the fiscal cliff. when will deals start to flow? that is coming up next in a fox business exclusive. ♪ says that clear answer is gold hi, i'm phil mickelson. i've been fortunate to win on golf's biggest stages. but whenoint pain and stiffness from psoriat arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffns, and stop joint...
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for a vacation, don't count on it, without getting some sort of fiscal cliff deal together. ayman, you've been tweeting this morning already about some characterizations about the discussions between the speaker and the president in recent days. >> that's right. a republican source told nbc news that the conversation that the president and speaker had on the phone yesterday, lasted for only 15 minutes, and they described it as, quote, tense, unquote. and that may have something to do with the fact that the president lowered his request in his latest proposal to the house republicans from $1.6 trillion in new tax revenues to $1.4 trillion. clearly as you can see here, the republicans don't think that's enough. they want the president to come out publicly now with some specific spending cuts. now, there's some question whether or not behind the scenes the president has offered significant spending cuts. the president says yes, the house republicans say no. they say the democrats have taken so much off the table that all that's left there is the varnish. there's clearly a gloom
for a vacation, don't count on it, without getting some sort of fiscal cliff deal together. ayman, you've been tweeting this morning already about some characterizations about the discussions between the speaker and the president in recent days. >> that's right. a republican source told nbc news that the conversation that the president and speaker had on the phone yesterday, lasted for only 15 minutes, and they described it as, quote, tense, unquote. and that may have something to do with...
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on the fiscal cliff before christmas would be difficult. this is 10 minutes. >> speaker boehner said he'd waiting on president obecause mo -- obama to outline the spending cuts. that's a strange thing for the speaker to say. president obama outlined specific cuts in his proposal to the republicans. while republicans have not offered anything specific in cuts whatsoever, and of course nothing specific in revenue whatsoever. all generalizations. the republicans want more spending cuts, tell us what you want. that's what i say to them. we can't read their minds. we're not going to make the proposal for them. republicans know perfectly well that democrats are willing to make tough choices on these issues, if in fact they understand, which i hope they do by now, that we're going to look out for the middle class first. the only thing standing in the way of an agreement is republicans. their insistence on holding tax cuts for middle class families hostage to the fiscal cliff. there's a lot of bluster coming from republicans but that facade is crum
on the fiscal cliff before christmas would be difficult. this is 10 minutes. >> speaker boehner said he'd waiting on president obecause mo -- obama to outline the spending cuts. that's a strange thing for the speaker to say. president obama outlined specific cuts in his proposal to the republicans. while republicans have not offered anything specific in cuts whatsoever, and of course nothing specific in revenue whatsoever. all generalizations. the republicans want more spending cuts, tell...
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on the fiscal cliff. good morning again, everybody. i'm becky quick. here is what we know right now. the pace of private talks picking up speed as we now have just 20 days left. however, neither the white house nor house speaker boehner's office are giving any public indication that either side is yet prepared to give up real ground. on a road trip yesterday, president obama indicated that he is willing to compromise, just not on that point about an increase in tax for relthy americans. meantime, speaker boehner says he is still waiting on specific spending cuts. joining us now for analysis, tony fratto, of hamilton place strategies and former white house press secretary and gerald bernstein former economic adviser to vice president joe biden. gentlemen, thank you for being here with us and getting this special day of coverage kicked off for us. >> rising early and rising above. >> exactly. let's talk about this. jared, it seems like things have gotten quieter. do you think that's the case? is that a good
on the fiscal cliff. good morning again, everybody. i'm becky quick. here is what we know right now. the pace of private talks picking up speed as we now have just 20 days left. however, neither the white house nor house speaker boehner's office are giving any public indication that either side is yet prepared to give up real ground. on a road trip yesterday, president obama indicated that he is willing to compromise, just not on that point about an increase in tax for relthy americans....
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cheryl: they are leaving town despite the fact we are nowhere close to a deal on the fiscal cliff. what is going on, rich edson? "imus in the morning" rich: house republicans will host the events with small business leaders in their districts and highlight what republicans say will be the economic damage small-business from raising income-tax rates on families earning $250,000 a year. president obama is leaving washington too though he is only heading across the potomac river, going to suburban virginia to speak to a middle-class family and he will press congress to protect those making less than $250,000 a year from tax increases by raising rates on those making more. in washington it is the same fight. >> president obama, democrats in congress have ever been ambiguous, provide economic security for 90% of american families and 97% of small businesses asking the wealthiest 2% to contribute just a little more to stop this runaway debt. >> what the president is really interested in as we learned just yesterday he is getting as much taxpayer money as he can first by raising taxes on
cheryl: they are leaving town despite the fact we are nowhere close to a deal on the fiscal cliff. what is going on, rich edson? "imus in the morning" rich: house republicans will host the events with small business leaders in their districts and highlight what republicans say will be the economic damage small-business from raising income-tax rates on families earning $250,000 a year. president obama is leaving washington too though he is only heading across the potomac river, going...
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Dec 7, 2012
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with the fiscal cliff. the problem with closing loopholes is it's difficult to get anywhere near the type of revenue you can get from the rates on the higher income. >> fair enough. now if there is a compromise and you get the rates you want, don't you have to give up something? what key government function that's important to senator cardin would you put on the fable and a hey, i'll let this go to get something i want? >> we've always said it's got to be balanced between revenue and spending cuts. we understand and know we need to bring down the cost of healthcare. if we can bring down the cost of healthcare, we can save the economy money. >> would you be willing to see the medicare enrollment age raised? >> all that does is shift the cost to other people. we've got to bring down the cost of healthcare. our economy pay as to much for the healthcare dollars. we've got to get better results. >> is there anything else you can specifically put on the table? i got to press you on this that would hurt you the wa
with the fiscal cliff. the problem with closing loopholes is it's difficult to get anywhere near the type of revenue you can get from the rates on the higher income. >> fair enough. now if there is a compromise and you get the rates you want, don't you have to give up something? what key government function that's important to senator cardin would you put on the fable and a hey, i'll let this go to get something i want? >> we've always said it's got to be balanced between revenue...
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. >> coming up, the last fed decision of the year and the final one before the fiscal cliff deadline. stay tuned for breaking news coverage of the fed decision on interest rates. it's a cnbc special report, and it's starts after this short break. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. ♪ ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. come pre-filled with problems. enough is enough. introducing the chase liquid reloadable card. with chase liquid, there's no waiting and no fee to activate you can load cash and checks at any chase depositfriendly atm and th
. >> coming up, the last fed decision of the year and the final one before the fiscal cliff deadline. stay tuned for breaking news coverage of the fed decision on interest rates. it's a cnbc special report, and it's starts after this short break. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place....
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cliff deal. that includes house democrats. and how do i go about doing that without totally alienating the base of my party? and i'm very curious to see what his next step is because his opening offer was essentially where he said he could only go in the debt ceiling bargains of july 2011. he said i can go to $800 billion in revenue, i can do these specific entitlement reforms. that's now his opening offer. where does he go here? >> i think, though, steve that the president of the united states and mr. lew and other democrats need to start looking at him differently. he is like an attorney that knows what his client is going to give and what his client's not going to give. we all know john boehner. john boehner's a deal maker. i didn't -- i liked him personally, but i never trusted him in congress because, you know, he liked making deals. that's what we need right now. the president can only push him so far. or he loses his caucus. and this is not about john boehner kicking and screaming. this is
cliff deal. that includes house democrats. and how do i go about doing that without totally alienating the base of my party? and i'm very curious to see what his next step is because his opening offer was essentially where he said he could only go in the debt ceiling bargains of july 2011. he said i can go to $800 billion in revenue, i can do these specific entitlement reforms. that's now his opening offer. where does he go here? >> i think, though, steve that the president of the united...
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and washington is playing fiscal with the fiscal cliff. -- playing chicken with the fiscal cliff. this deal will only get done by president obama and john boehner making a deal. they came close in the summer of 2011. the parties are so polarized and partisans polarized this is a problem. >> i keep saying we need a presidential historian or hostage negotiator. somebody could say we've been at stalemates before, gotten over it, shut down the government in '96. tip o'neill and ronald reagan managed to solve problems and get along. listen to what john mccain said about what we need here. >> it's time now to sit across the table from one another, rather than -- in the way they did with ronald reagan and the way you get things done in washington. >> the way they did with ronald reagan and get things done in washington. you sit together and figure it out. they were at a holiday party they didn't talk to each other. they're issuing sort of statements and rebuttals and saying i'm not going to budge. >> negotiation by press release. this is not how things get done in washington and part of
and washington is playing fiscal with the fiscal cliff. -- playing chicken with the fiscal cliff. this deal will only get done by president obama and john boehner making a deal. they came close in the summer of 2011. the parties are so polarized and partisans polarized this is a problem. >> i keep saying we need a presidential historian or hostage negotiator. somebody could say we've been at stalemates before, gotten over it, shut down the government in '96. tip o'neill and ronald reagan...
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the fiscal cliff hits and was he hopeful or not? what was your sense? >> well, the president i think is resolved. he knows what he needs to do because he's been talking to the american public. he knew that the two people in my office were single moms. and a man who was self-employed and caring for his ailing mom. and both of them are not in the mood to get a $2,000 tax increase because the republicans won't compromise. >> but on that note there, those two -- again, residents, from minute minnesota, what was their reaction to what they heard from the president? the conversation that was had? >> they solely agree, that the president is absolutely on the right track. and i asked them to hold tough because they don't want their taxes increased any more. and they don't have to be. because those at the very top, should be asked to give a little more. and for the past year, we had a big debate in this country. >> do they want to compromise? >> they absolutely want to compromise. and they recognize the president has done that. in the last y
the fiscal cliff hits and was he hopeful or not? what was your sense? >> well, the president i think is resolved. he knows what he needs to do because he's been talking to the american public. he knew that the two people in my office were single moms. and a man who was self-employed and caring for his ailing mom. and both of them are not in the mood to get a $2,000 tax increase because the republicans won't compromise. >> but on that note there, those two -- again, residents, from...
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cliff deal. roland's right. democrats won the election. they're sitting in the catbird seat. they don't want to include spending cuts and president obama doesn't think he needs to. if we go over the cliff other polls suggest republicans will get the blame. they have most of the leverage, therefore we don't get to a compromise or a deal. one calf national, republicans recognized this lack of leverage. they looked into 2013 and see a couple months in we have a debt ceiling deal. if we don't do a compromise now we're going to hold you during that debt ceiling debate and get spending cuts out of you then and president obama does not want to relive that 2011 catastrophe, chaos. >> roland, before you go, i didn't hear anything, it was all, it sounded like charlie brown to me after i heard you say roland's right. i don't know if i've ever heard you utter those words, will cain. >> actually he often says that. this is not a shocker. it's not breaking news and exclusive. it happens a lot. >> it's a just i
cliff deal. roland's right. democrats won the election. they're sitting in the catbird seat. they don't want to include spending cuts and president obama doesn't think he needs to. if we go over the cliff other polls suggest republicans will get the blame. they have most of the leverage, therefore we don't get to a compromise or a deal. one calf national, republicans recognized this lack of leverage. they looked into 2013 and see a couple months in we have a debt ceiling deal. if we don't do a...
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we've got a fiscal cliff meeting deal here sitting t 50% that we get a deal done. where would you put it at? >> i'm probably more optimistic about that. i'm probably more in the 60/40 range. the speaker's a good negotiator. i think honestly from position of strength on a lot of these things. i think the president takes his job seriously too. going over the fiscal cliff is not good for anyone. it bothers me sometimes if i hear people on both the left and the right entertain this is something that might be good politics. may be good politics for somebody, but it's bad economics for the american economy and more important for people looking for a job and people trying to hold on to a job. >> last question. i want to go back to the premise that you and other republican members of the house would be willing to allow that top tier tax rate to go higher. you know, speaker boehner's argument all this time is that it doesn't effect just those top-earning americans, but it also effects the small business owners in this country. the job creators in this country. >> the speake
we've got a fiscal cliff meeting deal here sitting t 50% that we get a deal done. where would you put it at? >> i'm probably more optimistic about that. i'm probably more in the 60/40 range. the speaker's a good negotiator. i think honestly from position of strength on a lot of these things. i think the president takes his job seriously too. going over the fiscal cliff is not good for anyone. it bothers me sometimes if i hear people on both the left and the right entertain this is...
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fiscal cliff, and what do you make of the recent complacency? is there a wall street/washington disconnect? >> interesting question. well, i certainly hope that markets won't have to tank. i don't -- we want to have confidence, not just in markets but in businesses and households as well, and the best way the fiscal policy-makers can achieve that is by coming to a solution as quickly as possible. markets have obviously already responded to some extent, up and down. can you see from day to day how they respond to news about the negotiations. but, on the other hand, it's also true, if you look at experience, i think very informative experience of the debt limit debate in august of 2011, that both confidence and markets remain pretty sanguine up to pretty close to the point where it looked like there was actually a chance tat debt limit would not be raised. and then, of course, there was a pretty sharp shock particularly to confidence about the time of the -- you know, of the final debates so it's not unusual to see markets being complacent. of cou
fiscal cliff, and what do you make of the recent complacency? is there a wall street/washington disconnect? >> interesting question. well, i certainly hope that markets won't have to tank. i don't -- we want to have confidence, not just in markets but in businesses and households as well, and the best way the fiscal policy-makers can achieve that is by coming to a solution as quickly as possible. markets have obviously already responded to some extent, up and down. can you see from day to...
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new verbal sparring on the fiscal cliff and no new progress on a deal. house speaker boehner says he is heading to ohio tomorrow. that is not a good sign. with 18 days and counting until the new year is it too late to avoid the cliff? tracy: republican congressman tom cole is our guest. he says congress should pass the president's tax hikes but it won't solve the whole problem. ashley: businesses bracing for the fiscal cliff and even more government regulation. chairman of oil and natural gas produce other energy xx 1, john shiller is here and how his company is bracing for the worse. tracy: time for stocks as we do every 15 minutes. nicole petallides on the floor of the new york stock exchange. nicole, we were saying, sitting here yesterday at this time, the market was up about 60 points. now, we are down. so much for the bernanke rally, huh? >> that's right. it was a little celebrate, good times around this time after we already heard from the fomc and quantitative easing and accommodative fed. we heard from ben bernanke and the truth is everybody real
new verbal sparring on the fiscal cliff and no new progress on a deal. house speaker boehner says he is heading to ohio tomorrow. that is not a good sign. with 18 days and counting until the new year is it too late to avoid the cliff? tracy: republican congressman tom cole is our guest. he says congress should pass the president's tax hikes but it won't solve the whole problem. ashley: businesses bracing for the fiscal cliff and even more government regulation. chairman of oil and natural gas...
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so he's trying to essentially give some encouragement to get the fiscal cliff deal talks ignited and going. and so this comes on -- the speech is coming on a breaking news day jenna of what you and i were talking about and that is basically citigroup laying off 11,000 workers as the president is now speaking to the business roundtable. those layoffs at the nation's third biggest bank have begun. jenna: let's talk a little bit more about that, liz, that news came into our newsroom a couple of hours ago. you've been working this. learning more about also what is to come for the big bank. why is the bank making such massive job layoffs now and what is really to come in the next year or so? >> reporter: yeah, what we're talking about here is essentially this is citigroup, this i is the bank that got $476 billion in bailout help. it got the most bailout help of any bank. what happened was citigroup was -- its ceo had stepped down a couple months ago, now they have a new ceo by the name of michael corbett, an is working very aggressively to cut out the excess, the middle management layers,
so he's trying to essentially give some encouragement to get the fiscal cliff deal talks ignited and going. and so this comes on -- the speech is coming on a breaking news day jenna of what you and i were talking about and that is basically citigroup laying off 11,000 workers as the president is now speaking to the business roundtable. those layoffs at the nation's third biggest bank have begun. jenna: let's talk a little bit more about that, liz, that news came into our newsroom a couple of...
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Dec 13, 2012
12/12
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on the fiscal cliff negotiations. right now, dow down 76 points. fox news reports former republican senator hagel emerged at the leading con tender to be president obama's pick to be secretary of defense, according to several democrats briefed on the process. the same sources say senator john kerry is talked up within the administration as a more likely nominee for secretary of state over susan rice, the current u.s. ambassador not united nations. a new study suggests this christmas travel season could be the busiest in six years. aaa predicts more than 93 million americans hitting the highways over the holidays, just 400,000 people shy of the record set in 2006. we continue our count down to the closing bell with the woman who likes her politics the same hi way likes her martinis, shaken, not stirred. liz: no, a mojito, light on the rum, adam. get it right. >> you look like a vodka woman to me, i don't know. liz: never. can't deal with that. a rough year for jcpenney, but things changing. the stock popped, but now th
on the fiscal cliff negotiations. right now, dow down 76 points. fox news reports former republican senator hagel emerged at the leading con tender to be president obama's pick to be secretary of defense, according to several democrats briefed on the process. the same sources say senator john kerry is talked up within the administration as a more likely nominee for secretary of state over susan rice, the current u.s. ambassador not united nations. a new study suggests this christmas travel...
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Dec 12, 2012
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do you feel it is appropriate with the fiscal contraction that would come if there is no deal? >> well, the first part of your question is, it is the economy went off the fiscal cliff, our assessment, cvo, all think there are adverse effects on the economy and unemployment rate. so on the margin we would try to do what we could. perhaps increase a bit. but again, i i want to be clear that we cannot offset the full impact. it is too big given tools and limitations on policy tool kit at this point. on terms of the terminology, well, and people have different preferences about what they want it call things, i think it is a sensible term because i think of the fiscal policies providing support to the economy, if fiscal policy becomes contractionnary, i think the economy will go off a cliff. i think it is reasonable to be concerned about this. i don't buy the idea that a short term descent off the cliff would be costly. it would be costly. in fact we are already seeing costs. why is it that consumer confidence dropped so sharply this week. why is it that small business confidence dr
do you feel it is appropriate with the fiscal contraction that would come if there is no deal? >> well, the first part of your question is, it is the economy went off the fiscal cliff, our assessment, cvo, all think there are adverse effects on the economy and unemployment rate. so on the margin we would try to do what we could. perhaps increase a bit. but again, i i want to be clear that we cannot offset the full impact. it is too big given tools and limitations on policy tool kit at...
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Dec 8, 2012
12/12
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the threat of going over the fiscal cliff is overblown. it will get done in an 11th hour deal. as you read the politics at play, what do you see? >> both sides digging in. you played the president saying, i want that rate hike. the republicans say we'll give you the revenues but not through a rate hike. the president believes he won the election and he upped the ante saying he wants twice as much in tax revenues than he wanted a year and a half ago. the president believes he has higher ground under this. i think maybe the democrats have a deeper trench, if you will. they have public opinion on their side. if you talk to people in washington there is a sense that at the last minute reason will prevail. there is a not a lot of optimism. you know this and my colleagues know it better than i do. more people are talking about the threat that if you don't deal with it you will send the united states back to recession and the global economy is teetering on recession. the stakes are in their political vaults. maybe they're blind to the enormous stakes. >> let me share something that st
the threat of going over the fiscal cliff is overblown. it will get done in an 11th hour deal. as you read the politics at play, what do you see? >> both sides digging in. you played the president saying, i want that rate hike. the republicans say we'll give you the revenues but not through a rate hike. the president believes he won the election and he upped the ante saying he wants twice as much in tax revenues than he wanted a year and a half ago. the president believes he has higher...
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Dec 10, 2012
12/12
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another republican apparently willing to agree with tax hikes to get a deal on the fiscal cliff. that is the case now. what do republicans get in return? senator lindsey graham is live on that. martha: looks like a beautiful morning everywhere, doesn't it. new reaction as details are now emerging in yet another nfl football tragedy. this time a crash that killed a dallas cowboy player and left another player charged with manslaughter this morning. >> i think everyone in our organization who knew him is completely numb and has been numb the last couple days. football is a game of emotion. a lot of different emotions circulating. somehow how some way, we have to process it all and understand that life is different than football and we had a job to do today gressiv, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. music: "make someone happy" music:
another republican apparently willing to agree with tax hikes to get a deal on the fiscal cliff. that is the case now. what do republicans get in return? senator lindsey graham is live on that. martha: looks like a beautiful morning everywhere, doesn't it. new reaction as details are now emerging in yet another nfl football tragedy. this time a crash that killed a dallas cowboy player and left another player charged with manslaughter this morning. >> i think everyone in our organization...